In compliance with current regulations, Novartis AG is selling of a part of its shareholdings in Novartis India.
Asia/Pacific
Veolia Environment Sells Off Water and Wastewater Business
Veolia's divestment program sells off its water and wastewater concessions to Beijing Enterprises Water Group Ltd.
Dongfeng Motor Terminates Bid for Fisker
China's Dongfeng Motor Group decides not to continue bidding for a major stake in Fisker Automotive over loan obligations.
Toyota Industries Closes Tender Offer for Cascade Share
Transportation equipment firm Toyota Industries Corp. made completion of its tender offer for shares in Cascade Corp.
IPO Prepared for Indian Matchmaker
Matrimony.com is now preparing for IPO. In a country that spends US$37 billion a year on weddings, it is no wonder that one of its premiere matchmaking sites is going public.
Latest News
Hoau, TNT Express' road business in China is now the property of CITIC Private Equity. TNT Express, the Dutch express delivery service provider has announced the sale of Hoau, its domestic road business in China.
After two tries, ProMOS Tech was able to sell of its twelve inch fabricating facility to GlobalFoundries.
Possible strategic partners for Fisker, namely Dongfeng Motor Group and Zheijang Geely Holdings, have pulled out from discussions.
With infrastructure demand at an all time high, there are still many pitfalls that investors face when putting their money into Southeast Asia.
Allianz SE has acquired the largest insurer in Turkey for US$879 million. Europe's largest insurer Allianz SE has acquired Yapi Kredi Sigorta AS for the amount of Eur684 million or US$879 million.
Petrobras, in line with the goal of making Brazil energy self sufficient, is selling of its stakes in Agbami and Akpo projects.
Tanghan Steel has signed a deal with Duferco International Trading Holding to buy 10% stake in the latter as China seeks more steel export.
The China Banking Regulatory Commission issued guidelines on the proper handling of wealth management instruments.
Australian regulators have approved the Qantas-Emirates international flights scheme. Australian anti-trust regulators have cleared the tie up between Qantas Airways Ltd and Emirates on international flights.
